Golden Charter calls for statutory regulation of funeral plans

Golden Charter has backed calls for mandatory membership of the Funeral Planning Authority (FPA) and enhanced powers for the industry body instead of oversight by the Financial Conduct Authority (FCA). The funeral provider believes that FCA regulation could put the choice of the funeral director for an intermediary's client at risk as it could impose a regulatory burden that does not recognise the nature and size of a funeral director's interest. Statutory regulation by the FPA, with enhanced powers, a single focus on the funeral sector, and the ability to regulate across the full lif...